PE Fund Investments
HR-tech co Darwinbox raises $5-M in extended Series D round from SBI
Hyderabad-based unicorn HR-tech firm Darwinbox has raised around USD 4.9 million from the State Bank of India (SBI) in an extended Series D round. This comes after it raised USD 4 million from Microsoft Corporation in November last year. With the latest funding round, the software-as-a-service (SaaS) firm has raised over USD 115 million so far. It claims to cater to over 700 enterprises in more than 90 countries.
From the Venture Intelligence PE-VC Deal Database: In Mar-22, Darwinbox raised USD 72 million in Series D led by Technology Crossover Ventures with participation from existing investors including Salesforce Ventures, Sequoia Capital India, Lightspeed India, Endiya Partners, JGDEV, 3One4Capital and SCB 10x and achieved unicorn status. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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